On a year-over-year basis, real GDP increased 1.54% while the quarter-to-quarter non-annualized percent change was a decline of 0.04%.

The latest quarterly results indicate that the most notable source of weakness in the economy came from declines to fixed non-residential investment with the structures component declining 1.1% from Q3, and notable declines in govenment spending particularly national defense with a 22.2% in federal national defense spending from Q3.

Residential investment, on the other hand, worked to buoy the overall fixed investment component growing at an annualized rate of 15.3% from Q3.

Keep in mind that these results are likely very poorly estimated and are sure to be revised notably in following quarters and even years to come.